Reservation

It is a good idea to reserve the chosen property to make sure that while you are dealing with all the formalities nobody comes in and snatches it. Reservations are typically arranged through fairly simple reservation agreements that include a EUR 5,000-10,000 fee (max 10% of the property price) paid upon signature. The reservation fee is then included in the payment of the purchase price. However, if you later change your mind, you will lose the reservation money. If, on the other hand, the seller changes his mind, you usually get back double of the fee.